Recursive Utility, Endogenous Growth, and the Welfare Cost of Volatility
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DOI: 10.1016/S1094-2025(03)00016-4
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More about this item
Keywords
welfare costs of fluctuations; recursive utility; endogenous growth; risk;JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
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